Trading Tech
On the Road to Derivatives Automation
Whether it's the tightened spreads in the listed derivatives markets or manual nature of the over-the-counter (OTC) derivatives markets, investment banks are looking to automate their derivatives desks. Dealing with Technology sits down with Jesper…
OMX Plans 2009 Genium Debut
STOCKHOLM-OMX, technology provider and the operator of the Nordic Exchange, expects to deploy its next-generation trading platform, Genium, during the second quarter of 2009, OMX officials tell DWT .
Swapstream Signs 33 Clients
Multilateral electronic trading platform for interest rate swaps (IRSes) Swapstream has 33 buy-side participants committed to the vendor's Early Adopter Program (EAP) for Chicago Mercantile Exchange (CME) Swaps on Swapstream, according to a company…
Taking Advantage of New Market Opportunities in Algorithmic Trading
Electronic options market making has always been automated, at least on some level.
Industry Hazy on Project Rainbow
Seven investment banks have put the major derivatives exchanges on notice with their recent announcement that they plan to launch a multilateral trading facility (MTF) for financial derivatives, dubbed Project Rainbow, according to media reports.
London Metal Exchange Launches Online Hedging Tool
The London Metal Exchange (LME) has recently launched its own online steel hedging simulator, say officials. The interactive hedging tool is designed to help anyone interested in managing steel price risk to better understand the process of hedging, and…
The Changing Path of Derivatives Trading
Around the world, derivatives trading desks are changing. It doesn't matter if they are trading listed instruments, such as options or warrants, or the fat-margined over-the-counter (OTC) one-off contracts. Automation is making these instruments far more…
Exchange Alliances Set to Grow
KINGSTON, JAMAICA-Traders on the Jamaica Stock Exchange (JSE), Barbados Stock Exchange (BSE) as well as the Trinidad and Tobago Stock Exchange (TTSE) soon will have direct market access (DMA) to each venue via a new exchange alliance set to go live in…
Exchange Axis Preps Smart Routing ASP
LONDON-Industry startup Exchange Axis plans to provide hosted smart order routing for firms looking to aggregate data from and intelligently route orders to multiple trading venues, DWT has learned.
Common Technology Drives Derivatives Success for UBS
After a major technology overhaul that began four yeas ago, UBS Investment Bank is reaping the rewards by rolling out common technology across its various trading desks. So far, the listed equities derivatives desk has been the highest-profile…
Trading Metrics Unveils Latency Analysis Tool
New York-based software vendor Trading Metrics will this week unveil a new product, Market Latency Metrics, for monitoring latency of market data systems and traffic.
Tunis Exchange Cuts Latency with Upgrade
TUNIS-The Tunis Stock Exchange will announce today, Feb. 4, that it has implemented the latest version of Nouveau Système de Cotation (NSC) electronic trading platform, dubbed NSC V900, from Atos Euronext Market Solutions (AEMS) for equities, DWT has…
Get Ready for Super Tuesday, IMD-Style
Anyone following the US Democratic and Republican primaries will be aware that time is running out to be nominated and pick winning candidates in the lead-up to so-called Super Tuesday. In Inside Market Data 's case, Super Tuesday will be on April 29-the…
After Delays, Reuters Preps Chi-X Direct Feed
Reuters is adding a direct feed from pan-European multilateral trading facility (MTF) Chi-X to its Reuters Data Feed Direct service, in response to client demand for broader direct feed coverage, officials say.
MarketAxess Expands Caplin Deal for Price Distribution
MarketAxess has expanded its use of technology from UK-based trading technology vendor Caplin Systems for distribution of real-time prices on emerging market bonds from dealers via the EM Actives segment of MarketAxess' trading platform.
Damaged Cables Cause India, Mid-East Latency
The flow of market data to and from India and the Middle East was disrupted by a damaged undersea telecom cable providing Internet connectivity to the region last week, though the impact appears to have been limited to slowing down communications, rather…
Saxo, JPMorgan Ink Prime Broker Accord
NEW YORK-Saxo Bank has recently signed a deal with JPMorgan to act as its prime broker to connect to Reuters Prime Brokerage for Matching-which provides anonymous direct market access, (DMA) via a prime broker, to the wholesale matching community-bank…
NYSE Euronext Readies CMS Replacement
NEW YORK-As part of its continuing process of consolidating and standardizing exchange systems, NYSE Euronext plans to have its new FIX protocol-based common customer gateway (CCG) in production for its NYSE Hybrid and NYSE Arca markets later this year,…
29West Updates UME
CHICAGO-Market data messaging software provider 29West released version 2.0 of its Ultra Messaging for the Enterprise (UME) last week.
CME Mulls Nymex Acquisition
CHICAGO & NEW YORK-In what is seen as a defensive move, the operator of the Chicago Mercantile Exchange (CME), the CME Group, has entered into discussions with the New York Mercantile Exchange (Nymex) to purchase the New York bourse.